The latest report by IMARC Group, titled “Telehealth Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032“ offers a comprehensive analysis of the industry, which comprises insights on the global telehealth market share. The global market size reached US$ 19.0 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 97.3 Billion by 2032, exhibiting a growth rate (CAGR) of 19.7% during 2024-2032.
Telehealth is a rapidly evolving segment of healthcare that leverages technology to deliver medical services remotely. It allows healthcare providers to consult with patients via video calls, phone conversations, or text, facilitating timely medical advice without the need for physical visits to a medical facility. It is also extremely useful for the ongoing management of chronic conditions, as it enables regular monitoring without frequent trips to a doctor’s office. The COVID-19 pandemic accelerated the shift toward telehealth services, showcasing its effectiveness in reducing the risk of transmission while maintaining healthcare accessibility. Telehealth is a vital tool that promises to reshape the future of healthcare, making it more convenient and accessible for everyone. In recent years, telehealth has proven to be a valuable resource, especially in rural areas with limited healthcare access.
For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/telehealth-market/requestsample
Telehealth Market Trends and Drivers:
The global telehealth market is primarily driven by a growing emphasis on remote patient monitoring and virtual consultations, especially due to the impact of the COVID-19 pandemic. Telehealth helps reduce the strain on healthcare facilities and mitigate the risk of infection. Moreover, rapid technological advancements, including high-speed internet, secure cloud storage, and user-friendly apps that make telehealth services more accessible and reliable, are propelling market growth. Apart from this, the rising regulatory changes that facilitate the broader adoption of telehealth solutions have catalyzed market growth. For instance, changes in reimbursement policies in numerous countries now cover telehealth services, making them more financially viable. Furthermore, the integration of Artificial Intelligence (AI) and big data analytics in telehealth platforms that offer promising avenues for personalized care and improved diagnostics is contributing to market growth.